Overview
- The Senate market‑structure bill remains stalled over stablecoin rewards after a White House meeting this week ended without a deal.
- New industry proposals would require some stablecoin reserves to be held at community banks to give them a direct role and revenue.
- Another option under discussion would let community banks issue tokens through partnerships with crypto firms.
- Banking groups say yield‑like incentives could pull deposits from smaller lenders, and thousands of bankers have lobbied against such rewards.
- Not all crypto companies back the bank‑focused plans, and it is unclear whether the concessions would satisfy banking concerns even as lawmakers talk up a balanced compromise.